WAYNE, Pa., April 19, 2011 /PRNewswire/ -- VitaminSpice (OTCBB: VTMS) (German WKN: A0YE4L) (www.vitaminspice.net) and The Musser Group (www.TheMusserGroup.com) have signed a definitive engagement agreement under which The Musser Group will provide VitaminSpice with Business Acceleration and Corporate Advisory Services.
Warren V. "Pete" Musser, the founder of The Musser Group (TMG), a Corporate Advisory Services and Business Acceleration Practices firm announced today that it had invited VitaminSpice, Inc. to join The Musser Group portfolio family of companies. The founder of Safeguard Scientifics and private equity pioneer, Mr. Musser has a knack of being able to identify early stage companies that with guidance and direction can turn into very large and successful businesses. Prior notable Musser related companies include QVC Network, Novell, and NutriSystems, to name a few.
"VitaminSpice has already worked with the core team at The Musser Group, having been identified and incorporated into a Joint Venture with another portfolio company, Daleco Resources to address radiation detoxification issues affecting millions of people in Japan. I have been impressed with the responsiveness, professional manner, and business acumen that The Musser Group brings to these engagements. We were vetted and selected to join with Daleco within 30 days of first contact," stated Edward Bukstel, CEO VitaminSpice.
Tom Smith, one of The Musser Group Managing Directors who sourced VitaminSpice said, "I knew of the company and their capabilities and introduced Ed (Bukstel) to the opportunity alongside the rest of the team. It was a great match. The joint venture initiative takes the strengths from both companies and brings them together to execute in a new space that will likely dwarf anything they could have done on their own."
Howard Lubert, another Musser Group Director who is working closely with Daleco and VitaminSpice day-to-day to help get the Detox Products covered under the joint venture up and running had this to say, "It is not likely that we would have found another company better suited to work with Daleco on this initiative and the fact that, by sheer luck, they are headquartered just fifteen miles from each other makes this a marriage made in, well, Chester County, PA."
VitaminSpice is uniquely positioned between the $150 billion health food/vitamin supplement industry and the multi-trillion-dollar traditional food industry. A pioneer in the emerging FoodCeutical Industry, VitaminSpice sells vitamin-, mineral- and antioxidant-infused spices and food products. Their offerings include Crushed Red Pepper, Ground Black Pepper, Italian Seasoning, Ground Cinnamon and Granulated Garlic. A proprietary micro-encapsulation process keeps vitamin properties locked inside, even when heated, allowing the seasonings, condiments, and food products to retain their full flavor.
VitaminSpice Safe Harbor
This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
About The Musser Group
The Musser Group ("TMG"), located just outside of Philadelphia, PA, is a full service Corporate Advisory and Business Acceleration Services Consulting group that provides engagement based corporate finance and strategic consulting services to middle market and small market companies as well as exceptional start-up companies located throughout North America and Europe. TMG provides the type of personalized, confidential, and intensive services that the larger, internationally known firms provide to their Fortune 1000 - Global 2000 clients but with an innovative and agile approach that is designed to quickly generate results. Our simple philosophy is that, once engaged, we have no clients, only partners™. We join our portfolio company teams as shirt-sleeve executives and execute alongside and with the rest of the team. Together we identify, define, test, and execute strategic and financial advisory solutions that provide the value add services our partners need and expect.